Freddie Mac delays bond amid earnings uncertainty

Freddie Mac, the US mortgage refinancing agency, has delayed the launch of its first euro-denominated benchmark bond this year until after it restates its earnings for the past two years.

The triple-A rated Virginia-based government sponsored enterprise (GSE), will report unaudited earnings for 2002 on Monday, and the company has decided, together with its auditor PricewaterhouseCoopers (PwC), to conduct a full reaudit of at least the last two fiscal years.

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JPMorgan to Pay $330 Million Over 1MDB TransactionsExternal link

JPMorgan to Pay $330 Million Over 1MDB Transactions